Price of Knowledge - EDHREC Market Capitalization

by
MtGDS
MtGDS
Price of Knowledge - EDHREC Market Capitalization
(Imperial SealImperial Seal | Art by Li Tie)

Name Your Price

How much is a card worth? How much is a deck worth? A format? This article is a bit of a thought experiment, intended to highlight the popularity of Magic as a game, Commander as a format, and specific cards as staples, as well as the considerable investment players have made to pursue the game they love.

We often talk about ubiquity within Commander solely as a function of how frequently cards appear in decklists, and rightfully so, but certainly those decklists would look different if money was no object. We'd certainly see a lot more copies of Mishra's WorkshopMishra's Workshop!

Mishra's Workshop

I submit that one clear reflection of a card's power level is the cost players are willing to pay, in literal dollars and cents, to include it in their decks over an inferior alternative. Thus, I thought it would be interesting to look at each card's EDH Market Capitalization - the total value represented by all copies listed in EDHREC decks, at a given price.

total market cap = total copies across all EDHREC decks × current price at TCGplayer.com

Note that, for the figures in this article to truly reflect the actual value of cards in EDHREC, we'd need to make the following assumptions, none of which are actually true:

  1. All of the decks on EDHREC represent actual decks of 100 cards in Real Life™, rather than just notional decklists.
  2. If, for example, 38,000 copies of Phyrexian AltarPhyrexian Altar suddenly flooded the secondary market, they would all be valued at the current price of almost $90. Magic is a popular game, but demand is not infinite and we have lots of evidence that card prices are responsive to supply.
  3. The prices and deck counts I'm using are exactly correct. In reality, I'm a few days out of date, but I'm certainly close in every case.

So, as long as you're comfortable staying in the realm of the conceptual, here is a graphical depiction of the total value of every card in the EDHREC database:

Note the log scale. Color encodes date of original release - new cards are generally more ubiquitous in the current meta than are old cards. Black points indicate cards on the Reserved List.

This plot shows clearly the expected relationship between popularity and price. Reserved List cards, indicated in black, constitute some of the most expensive cards in the format (really, all formats) due to their top-end power and limited supply. Since it's not particularly interesting to talk about how much players value extremely expensive/broken cards and dual lands, I'm mostly going to ignore the RL henceforth.

Before I start the countdown of the Top 10 cards by market cap, stop and guess which cards you expect to show up.

Ready?

The top 10 most valuable cards across EDHREC

rankcardnum_deckspricemarket_capnotes
#10
Vampiric Tutor
108,066$45$4,824,066Almost certainly the best generic tutor; highly prevalent in combo decks.
#9
Jeweled Lotus
63,909$77$4,912,685A Black LotusBlack Lotus for your commander, so you can set the table three turns ahead of schedule? Sure!
#8
Fierce Guardianship
97,319$51$4,941,859You can understand why many decks would want a free (to cast) NegateNegate. Not free to purchase, though.
#7
Smothering Tithe
139,846$36$5,023,268Leading the charge for ramp in white. Arguably an annoying play pattern, but losing is even more annoying. As with many of the cards on this list, probably due for a reprint.
#6
Demonic Tutor
157,104$33$5,109,022The first tutor, after which the mechanic itself is named. A staple in any black deck that needs to find combo pieces.
#5
Cyclonic Rift
185,490$31$5,770,594The 8th most-prevalent card in Commander, featured in 36% of decks that can run it. Instant-speed, asymmetrical, scalable.
#4
Polluted Delta
137,954$47$6,416,241The most popular fetchland in EDH, and the most expensive, possibly due to its popularity in other formats.
#3
Dockside Extortionist
96,518$70$6,735,991Possibly the best Commander-relevant ramp ever printed in red, featured in 20% of decks than can accommodate it. Only released once.
#2
Mana Crypt
144,521$163$23,551,142A big jump in total market cap from #3. Extremely powerful fast mana, especially in a format with a starting life total of 40. Could potentially go in every Commander deck, but it's only been released at high rarities or as a special promo. It's more widely available than the #1 card, and therefore less expensive, but its utility makes it much more ubiquitous.
#1
Imperial Seal
21,532$1,599$34,429,668A strictly worse Vampiric TutorVampiric Tutor; probably never run over Demonic TutorDemonic Tutor. However, it was first released in Portal Three Kingdoms, and most recently printed as a Judge Promo, so there just aren't very many of them these in circulation. Combo-centric decks need a high density of tutors, and this one will do the trick... for a price!

Mana VaultMana Vault, Rhystic StudyRhystic Study, and Sensei's Divining TopSensei's Divining Top just missed the top 10, but since I know you want to see even more data, here are the top 251 cards by total market cap:

namereservedcicostnum_deckscard_pricemarket_cap
TimetwisterTimetwisterYU13,226$6,325.00$83,654,450
Imperial SealImperial SealNB21,532$1,599.00$34,429,668
Mox DiamondMox DiamondYn52,826$625.50$33,042,663
Mana CryptMana CryptNn144,521$162.96$23,551,142
Underground SeaUnderground SeaYL37,447$450.00$16,851,150
Volcanic IslandVolcanic IslandYL33,569$485.00$16,280,965
Tropical IslandTropical IslandYL37,229$430.00$16,008,470
BayouBayouYL35,515$375.00$13,318,125
TundraTundraYL32,392$357.99$11,596,012
Wheel of FortuneWheel of FortuneYR36,956$279.99$10,347,310
BadlandsBadlandsYL33,368$310.00$10,344,080
Lion's Eye DiamondLion's Eye DiamondYn18,590$540.25$10,043,248
Mishra's WorkshopMishra's WorkshopYL3,043$3,300.00$10,041,900
The Tabernacle at Pendrell ValeThe Tabernacle at Pendrell ValeYL2,397$3,600.67$8,630,806
Bazaar of BaghdadBazaar of BaghdadYL1,664$4,999.99$8,319,983
TaigaTaigaYL30,689$265.00$8,132,585
PlateauPlateauYL30,068$250.00$7,517,000
SavannahSavannahYL30,901$225.99$6,983,317
Dockside ExtortionistDockside ExtortionistNR96,518$69.79$6,735,991
Gilded DrakeGilded DrakeYU21,385$304.64$6,514,726
Gaea's CradleGaea's CradleYL30,867$208.47$6,434,843
Polluted DeltaPolluted DeltaNL137,954$46.51$6,416,241
Cyclonic RiftCyclonic RiftNU185,490$31.11$5,770,594
Demonic TutorDemonic TutorNB157,104$32.52$5,109,022
Smothering TitheSmothering TitheNW139,846$35.92$5,023,268
Fierce GuardianshipFierce GuardianshipNU97,319$50.78$4,941,859
Jeweled LotusJeweled LotusNn63,909$76.87$4,912,685
Vampiric TutorVampiric TutorNB108,066$44.64$4,824,066
Mana VaultMana VaultNn79,096$60.78$4,807,455
Rhystic StudyRhystic StudyNU157,316$30.35$4,774,541
Sensei's Divining TopSensei's Divining TopNn76,350$61.80$4,718,430
Wooded FoothillsWooded FoothillsNL123,802$35.01$4,334,308
ScrublandScrublandYL32,304$125.00$4,038,000
Sylvan LibrarySylvan LibraryNG89,298$45.01$4,019,303
Urborg, Tomb of YawgmothUrborg, Tomb of YawgmothNL120,860$30.73$3,714,028
Cavern of SoulsCavern of SoulsNL52,023$71.34$3,711,321
Mana DrainMana DrainNU79,429$44.05$3,498,847
Phyrexian AltarPhyrexian AltarNn37,950$86.98$3,300,891
Deflecting SwatDeflecting SwatNR74,584$43.17$3,219,791
Ancient TombAncient TombNL132,828$23.74$3,153,337
Scalding TarnScalding TarnNL118,035$26.24$3,097,238
Misty RainforestMisty RainforestNL129,766$23.56$3,057,287
Doubling SeasonDoubling SeasonNG40,500$75.14$3,043,170
Force of NegationForce of NegationNU45,898$64.70$2,969,601
Chains of MephistophelesChains of MephistophelesYB1,956$1,499.73$2,933,472
Mox OpalMox OpalNn50,369$50.93$2,565,293
Mana ConfluenceMana ConfluenceNL97,777$25.74$2,516,780
Windswept HeathWindswept HeathNL129,857$19.13$2,484,164
Bloodstained MireBloodstained MireNL125,575$19.08$2,395,971
Breeding PoolBreeding PoolNL119,735$19.96$2,389,911
Teferi's ProtectionTeferi's ProtectionNW79,609$29.40$2,340,505
Verdant CatacombsVerdant CatacombsNL123,866$18.55$2,297,714
Enlightened TutorEnlightened TutorNW92,203$24.74$2,281,102
Prismatic VistaPrismatic VistaNL94,953$23.97$2,276,023
IntuitionIntuitionYU12,656$177.21$2,242,770
Serra's SanctumSerra's SanctumYL7,771$282.82$2,197,794
The Great HengeThe Great HengeNG49,605$42.88$2,127,062
Transmute ArtifactTransmute ArtifactYU5,342$396.24$2,116,714
Mystical TutorMystical TutorNU103,464$20.00$2,069,280
Lightning GreavesLightning GreavesNn280,322$7.33$2,054,760
Force of WillForce of WillNU64,103$31.78$2,037,193
Flooded StrandFlooded StrandNL129,963$15.30$1,988,434
Sword of Feast and FamineSword of Feast and FamineNn31,939$61.99$1,979,899
Sacred FoundrySacred FoundryNL104,224$18.34$1,911,468
Marsh FlatsMarsh FlatsNL122,368$15.55$1,902,822
Arid MesaArid MesaNL115,393$16.32$1,883,214
Morphic PoolMorphic PoolNL51,905$36.24$1,881,037
Worldly TutorWorldly TutorNG69,949$25.49$1,783,000
Finale of DevastationFinale of DevastationNG53,198$33.37$1,775,217
Nykthos, Shrine to NyxNykthos, Shrine to NyxNL68,959$25.50$1,758,454
MoatMoatYW1,164$1,500.00$1,746,000
Blood CryptBlood CryptNL107,417$15.44$1,658,518
Steam VentsSteam VentsNL112,585$14.51$1,633,608
Watery GraveWatery GraveNL130,775$12.48$1,632,072
Toxic DelugeToxic DelugeNB81,064$19.15$1,552,376
Diabolic IntentDiabolic IntentNB44,587$34.70$1,547,169
Chrome MoxChrome MoxNn86,599$17.77$1,538,864
Overgrown TombOvergrown TombNL121,710$12.56$1,528,678
Swan SongSwan SongNU111,649$13.29$1,483,815
Esper SentinelEsper SentinelNW62,238$23.79$1,480,642
Godless ShrineGodless ShrineNL113,839$12.71$1,446,894
Urza's SagaUrza's SagaNL38,047$37.61$1,430,948
Parallel LivesParallel LivesNG30,662$46.24$1,417,811
Ragavan, Nimble PilfererRagavan, Nimble PilfererNR18,934$73.96$1,400,359
Luxury SuiteLuxury SuiteNL43,560$31.59$1,376,060
Crucible of WorldsCrucible of WorldsNn36,138$38.03$1,374,328
SkullclampSkullclampNn144,970$9.36$1,356,919
Deadly RollickDeadly RollickNB43,599$30.66$1,336,745
DamnationDamnationNB50,803$26.18$1,330,023
Kozilek, Butcher of TruthKozilek, Butcher of TruthNn20,648$63.96$1,320,646
NecropotenceNecropotenceNB41,915$29.97$1,256,193
Gemstone CavernsGemstone CavernsNL43,920$28.57$1,254,794
Lotus PetalLotus PetalNn71,496$17.43$1,246,175
Ulamog, the Infinite GyreUlamog, the Infinite GyreNn19,521$63.25$1,234,703
Mox AmberMox AmberNn34,460$35.71$1,230,567
Capture of JingzhouCapture of JingzhouNU2,439$499.99$1,219,476
Heroic InterventionHeroic InterventionNG131,223$9.22$1,209,876
Cabal CoffersCabal CoffersNL66,802$17.98$1,201,100
EarthcraftEarthcraftYG6,822$175.07$1,194,328
Consecrated SphinxConsecrated SphinxNU30,406$38.70$1,176,712
Green Sun's ZenithGreen Sun's ZenithNG44,207$25.69$1,135,678
Time SpiralTime SpiralYU6,315$174.61$1,102,662
SpellseekerSpellseekerNU31,409$34.35$1,078,899
Temple GardenTemple GardenNL104,530$10.19$1,065,161
Craterhoof BehemothCraterhoof BehemothNG36,021$29.04$1,046,050
Chromatic LanternChromatic LanternNn102,996$10.08$1,038,200
Jeska's WillJeska's WillNR67,074$15.35$1,029,586
Sword of Fire and IceSword of Fire and IceNn19,243$53.36$1,026,806
Candelabra of TawnosCandelabra of TawnosYn905$1,134.19$1,026,442
Anointed ProcessionAnointed ProcessionNW40,612$25.23$1,024,641
Blightsteel ColossusBlightsteel ColossusNn19,184$52.85$1,013,874
Sol RingSol RingNn832,694$1.21$1,007,560
Stomping GroundStomping GroundNL105,972$9.42$998,256
Mystic RemoraMystic RemoraNU96,548$10.22$986,721
Ashnod's AltarAshnod's AltarNn87,422$11.06$966,887
Field of the DeadField of the DeadNL49,462$19.49$964,014
Grand AbolisherGrand AbolisherNW40,303$23.46$945,508
Yawgmoth, Thran PhysicianYawgmoth, Thran PhysicianNB25,472$36.78$936,860
FlusterstormFlusterstormNU48,552$18.85$915,205
ShadowspearShadowspearNn46,193$19.75$912,312
GambleGambleNR51,951$17.52$910,182
Sliver QueenSliver QueenYZ2,980$303.04$903,059
Power ArtifactPower ArtifactYU2,735$328.20$897,627
Assassin's TrophyAssassin's TrophyNZ64,677$13.75$889,309
Ulamog, the Ceaseless HungerUlamog, the Ceaseless HungerNn17,690$49.82$881,316
Mikaeus, the UnhallowedMikaeus, the UnhallowedNB18,707$46.18$863,889
Liliana, Dreadhorde GeneralLiliana, Dreadhorde GeneralNB29,287$29.42$861,624
Land TaxLand TaxNW39,917$21.49$857,816
ExplorationExplorationNG41,712$20.52$855,930
Hallowed FountainHallowed FountainNL111,556$7.61$848,941
Stoneforge MysticStoneforge MysticNW20,278$41.56$842,754
Reliquary TowerReliquary TowerNL278,936$3.02$842,387
Aetherflux ReservoirAetherflux ReservoirNn54,729$15.38$841,732
Bloom TenderBloom TenderNG33,555$24.60$825,453
Yavimaya HollowYavimaya HollowYL9,462$86.59$819,315
Nether VoidNether VoidYB787$1,038.52$817,315
Phyrexian TowerPhyrexian TowerNL48,610$16.67$810,329
Dark ConfidantDark ConfidantNB26,562$30.48$809,610
Bountiful PromenadeBountiful PromenadeNL37,170$21.11$784,659
BitterblossomBitterblossomNB18,407$42.34$779,352
Grim MonolithGrim MonolithYn26,811$28.99$777,251
Urza's IncubatorUrza's IncubatorNn19,044$40.51$771,472
Sea of CloudsSea of CloudsNL39,401$19.58$771,472
Dryad of the Ilysian GroveDryad of the Ilysian GroveNG52,567$14.35$754,336
Growing Rites of ItlimocGrowing Rites of ItlimocNG33,875$21.80$738,475
Force of VigorForce of VigorNG28,937$25.16$728,055
Carpet of FlowersCarpet of FlowersNG40,106$18.03$723,111
Shizo, Death's StorehouseShizo, Death's StorehouseNL19,923$36.10$719,220
Exquisite BloodExquisite BloodNB22,387$31.99$716,160
BurgeoningBurgeoningNG25,864$27.19$703,242
Snapcaster MageSnapcaster MageNU18,165$37.99$690,088
Forbidden OrchardForbidden OrchardNL34,475$19.99$689,155
The Meathook MassacreThe Meathook MassacreNB15,939$43.08$686,652
Jet MedallionJet MedallionNn18,821$36.45$686,025
Guardian ProjectGuardian ProjectNG59,326$11.46$679,876
EntombEntombNB41,143$16.29$670,219
Jace, the Mind SculptorJace, the Mind SculptorNU12,466$53.46$666,432
Strip MineStrip MineNL54,017$12.27$662,789
Ravages of WarRavages of WarNW1,400$473.00$662,200
Purphoros, God of the ForgePurphoros, God of the ForgeNR33,013$20.05$661,911
Fabled PassageFabled PassageNL134,918$4.89$659,749
Torment of HailfireTorment of HailfireNB41,856$15.75$659,232
Pact of NegationPact of NegationNU56,486$11.61$655,802
Grave PactGrave PactNB22,924$28.35$649,895
Spire GardenSpire GardenNL34,609$18.54$641,651
City of BrassCity of BrassNL88,329$7.19$635,086
Helm of the HostHelm of the HostNn36,976$17.17$634,878
Copy ArtifactCopy ArtifactYU8,042$78.58$631,940
Lake of the DeadLake of the DeadYL4,799$129.49$621,423
Elesh Norn, Grand CenobiteElesh Norn, Grand CenobiteNW33,629$18.45$620,455
Phyrexian ArenaPhyrexian ArenaNB71,881$8.62$619,614
Ruby MedallionRuby MedallionNn20,559$30.10$618,826
The AbyssThe AbyssYB476$1,299.95$618,776
Urza, Lord High ArtificerUrza, Lord High ArtificerNU13,923$43.45$604,954
Grim TutorGrim TutorNB38,212$15.76$602,221
ReanimateReanimateNB63,484$9.47$601,193
Goldspan DragonGoldspan DragonNR19,963$30.02$599,289
Sapphire MedallionSapphire MedallionNn18,609$31.94$594,371
Survival of the FittestSurvival of the FittestYG15,355$38.59$592,549
Wrenn and SixWrenn and SixNZ6,026$98.29$592,296
Path to ExilePath to ExileNW147,032$4.00$588,128
Cloudstone CurioCloudstone CurioNn11,428$50.59$578,143
The OzolithThe OzolithNn34,023$16.61$565,122
Allosaurus ShepherdAllosaurus ShepherdNG10,418$53.77$560,176
Terror of the PeaksTerror of the PeaksNR28,531$19.53$557,210
Serra AscendantSerra AscendantNW22,238$24.92$554,171
Vanquisher's BannerVanquisher's BannerNn43,873$12.63$554,116
Recruiter of the GuardRecruiter of the GuardNW21,468$25.70$551,728
Aggravated AssaultAggravated AssaultNR13,233$41.68$551,551
Seedborn MuseSeedborn MuseNG60,743$9.01$547,294
Vedalken OrreryVedalken OrreryNn19,178$28.37$544,080
Ugin, the Spirit DragonUgin, the Spirit DragonNn26,988$20.11$542,729
The Scarab GodThe Scarab GodNZ14,141$37.95$536,651
Walking BallistaWalking BallistaNn36,249$14.73$533,948
Yawgmoth's WillYawgmoth's WillYB13,260$40.08$531,461
Arcane SignetArcane SignetNn578,258$0.91$526,215
Yavimaya, Cradle of GrowthYavimaya, Cradle of GrowthNL55,591$9.43$524,223
Thassa's OracleThassa's OracleNU55,756$9.37$522,434
Birds of ParadiseBirds of ParadiseNG121,213$4.25$515,155
Emrakul, the Promised EndEmrakul, the Promised EndNn12,273$41.91$514,361
Flawless ManeuverFlawless ManeuverNW33,377$15.15$505,662
Avacyn, Angel of HopeAvacyn, Angel of HopeNW25,898$19.31$500,090
Ketria TriomeKetria TriomeNL38,478$12.82$493,288
Oracle of Mul DayaOracle of Mul DayaNG29,843$16.44$490,619
Nyxbloom AncientNyxbloom AncientNG29,115$16.81$489,423
Twilight ProphetTwilight ProphetNB13,446$35.69$479,888
Reflecting PoolReflecting PoolNL47,471$10.09$478,982
Zagoth TriomeZagoth TriomeNL42,007$11.36$477,200
Pitiless PlundererPitiless PlundererNB40,022$11.92$477,062
Anguished UnmakingAnguished UnmakingNZ60,416$7.88$476,078
Dictate of ErebosDictate of ErebosNB37,500$12.38$464,250
Concordant CrossroadsConcordant CrossroadsNG9,752$47.43$462,537
Wurmcoil EngineWurmcoil EngineNn22,580$20.44$461,535
Drowned CatacombDrowned CatacombNL67,241$6.80$457,239
Coat of ArmsCoat of ArmsNn29,049$15.65$454,617
Null RodNull RodYn5,429$83.68$454,299
Extraplanar LensExtraplanar LensNn13,027$34.70$452,037
Sakashima of a Thousand FacesSakashima of a Thousand FacesNU20,086$22.43$450,529
Sea Gate RestorationSea Gate RestorationNU28,725$15.58$447,536
Veil of SummerVeil of SummerNG56,560$7.89$446,258
Living PlaneLiving PlaneYG893$499.55$446,098
Savai TriomeSavai TriomeNL40,760$10.94$445,914
Triumph of the HordesTriumph of the HordesNG29,482$15.04$443,409
Sylvan TutorSylvan TutorNG5,521$79.59$439,416
Training GroundsTraining GroundsNU13,769$31.72$436,753
Isochron ScepterIsochron ScepterNn46,768$9.32$435,878
Razaketh, the FoulbloodedRazaketh, the FoulbloodedNB18,797$23.14$434,963
Raugrin TriomeRaugrin TriomeNL35,402$12.24$433,320
Demonic ConsultationDemonic ConsultationNB24,938$17.30$431,427
Volrath's StrongholdVolrath's StrongholdYL12,548$34.21$429,267
Sakashima's StudentSakashima's StudentNU6,428$66.67$428,555
Bolas's CitadelBolas's CitadelNB59,455$6.98$414,996
Boseiju, Who Shelters AllBoseiju, Who Shelters AllNL11,564$35.86$414,685
Blasphemous ActBlasphemous ActNR134,847$3.07$413,980
Hinterland HarborHinterland HarborNL61,781$6.67$412,079
Fiery EmancipationFiery EmancipationNR20,658$19.92$411,507
Thought VesselThought VesselNn130,252$3.14$408,991
Inventors' FairInventors' FairNL54,447$7.46$406,175
Vorinclex, Monstrous RaiderVorinclex, Monstrous RaiderNG15,572$26.07$405,962
Agadeem's AwakeningAgadeem's AwakeningNB23,759$16.96$402,953
Opposition AgentOpposition AgentNB47,541$8.38$398,394
Diamond ValleyDiamond ValleyYL491$809.94$397,681
Mycosynth LatticeMycosynth LatticeNn10,578$36.82$389,482
Personal TutorPersonal TutorNU4,633$83.89$388,662
Spark DoubleSpark DoubleNU46,802$8.29$387,989
Argothian EnchantressArgothian EnchantressNG10,301$37.20$383,197
Heliod, Sun-CrownedHeliod, Sun-CrownedNW20,769$18.35$381,111
Gauntlet of MightGauntlet of MightYR1,306$289.99$378,727
Inkmoth NexusInkmoth NexusNL9,243$40.67$375,913
Oboro, Palace in the CloudsOboro, Palace in the CloudsNL4,320$85.92$371,174
Avenger of ZendikarAvenger of ZendikarNG66,023$5.60$369,729

 

Turns out, TimetwisterTimetwister is the Apple of Commander.

The only question remaining to be answered: what does it all add up to? If we were to sum these market capitalization values across all cards in the EDHREC database, theoretically encapsulating the entire value of over 1,000,000 Commander decks (assuming our untrue assumptions hold), how much are all of the cards enumerated on EDHREC worth?

The answer: $804,053,241

Just think of the hours spent double-sleeving all of those cards!


Thoughts? Questions? Critiques? Suggestions?

Let me hear them! Do you think it's reasonable to assert that card strength correlates with market cap? Were you able to guess any of the top 10? Which cards are you most looking to see drop off the top of this list? I'd love to hear what you think, and if you aren’t already, please follow me on Twitter!

MtGDS

MtGDS (AKA Magic Data Science) is pretty new to the game, but is trying to understand it as best he can through data. He loves making graphs and finding new ways to measure things. You can read his non-Commander articles at http://mtgds.wordpress.com, and he's worth a follow on Twitter @MtG_DS.

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